CYBERSPACE–Big swings in currencies around the globe, combined with uncertainties over how some governments might act moving forward, has led to a surge in the value of Bitcoin.
The digital currency has seen some big swings itself as a result. After peaking in 2013 and then declining in value, one Bitcoin was selling for $1,025 earlier this week, which is an increase of about 140% over Bitcoin values since the beginning of 2016. According to analysts, much of the activity is being driven by Chinese citizens, the wealthiest of whom have been looking for ways to get around government controls on moving money in and out of the country.